1970 At the end of the year, the insurance industry in China began to recover. On 1979, a delegation of the Allianz Board of Directors visited the headquarters of the People's Insurance Company of China and established contact with the insurance industry in China. Shortly after this visit, Allianz Group and PICC formally signed a cooperation agreement on reinsurance and insurance technology transmission, becoming the first international insurance company to sign a cooperation agreement with China insurance company. Later, Allianz also signed technical transmission cooperation agreements with Pacific Insurance Company and Ping An Insurance Company, which contributed to the start and development of insurance industry in China after the reform and opening up.
With the approval of the People's Bank of China, Allianz Group opened its first representative office in Beijing in February, 1993. 1994 set up representative offices in Shanghai and Guangzhou. In Allianz Shanghai Representative Office, technical experts from Allianz risk consulting and consulting company headquartered in Europe provide technical and risk management advice. In Tongji University, Allianz funded the establishment of the Allianz Insurance Teaching and Research Section of Sino-German College to provide postgraduate courses in insurance management; Dresden Bank, a subsidiary of Dresden Bank, has also set up a teaching and research section to provide financial professional research courses.
1At the end of 1998, Allianz Volkswagen Life Insurance Co., Ltd., the life insurance business organization of Allianz in China, was approved to start business, which was the first enterprise of a European insurance company in China. Allianz owns 5 1% of the equity of the joint venture company and becomes the controlling shareholder.
In 2002, Allianz Group and the well-known Guotai Junan Securities jointly established the Guolian 'an Fund Management Company in Shanghai, which was the first Sino-foreign joint venture fund management company approved for construction.
In 2003, Allianz Guangzhou Branch, the first property insurance management institution of Allianz Group in China, was established.
In 2003, mundia Er Rescue Group, a subsidiary of Allianz Group, opened a wholly-owned company in Beijing and officially entered China.
In 2006, Allianz Group, as a strategic investor introduced by Industrial and Commercial Bank of China, subscribed for 6.432 billion H shares issued by the bank with a capital of $654.38 billion. At present, China Industrial and Commercial Bank has become the most important partner of Allianz Bank's insurance business in China.
In 2006, Allianz Volkswagen Life Insurance Company was changed to Sino-German Allianz Life Insurance Co., Ltd., headquartered in Shanghai, and Allianz still holds 565,438+0% of the shares and continues to maintain its holding position; At the same time, the introduction of CITIC Trust, a subsidiary of CITIC Group, a company directly under the State-owned Assets Supervision and Administration Commission of the State Council, as a joint venture partner has improved the social awareness of Allianz's branches in China, which is conducive to further expanding its life insurance business. At present, Allianz has opened branches in Shanghai, Guangdong, Shenzhen, Jiangsu, Zhejiang, Sichuan, Shandong and Beijing, and will expand to Hubei and Fujian in the next few years.
In 2006, Allianz Global Investment Company and Pacific Investment Management Company under Allianz Group became one of the overseas investment institutions of National Social Security Fund 10, responsible for the specific operation of overseas investment of social security funds.
In 2007, Allianz Group cooperated with Shanghai University of Finance and Economics to establish Allianz College of Banking Insurance to train managerial and sales talents in banking insurance.
After the Wenchuan earthquake in May 65438+February 2008, Allianz Group actively helped the disaster area to recover and rebuild, and successively donated money to build Allianz Qifu Primary School, Allianz Qifu Kindergarten, Allianz Xiaode Primary School and Allianz Xiaode Kindergarten in Mianzhu, Deyang, Sichuan.
In 2009, Allianz Group, as a basic investor introduced by Pacific Insurance Company, subscribed for H shares issued by Pacific Insurance Company in Hong Kong with a capital of US$ 6,543.8+0.5 billion.
20 10 1 Allianz insurance Guangzhou branch was changed to Allianz Property Insurance (China) Co., Ltd. with the approval of China Insurance Regulatory Commission, and officially opened in July. The company is a legal person insurance company wholly owned by Allianz Group, which indicates that Allianz Group can open branches all over the country to expand property insurance business in the future, while the previous Guangzhou branch can only conduct business in Guangdong Province.
20 12 10 year1on October 30th, the assets and liabilities of Taiwan Province Branch of HSBC Life International were transferred to Allianz Taiwan Province Life Insurance at the price of180,000 USD. The annual premium income of Allianz Insurance in China is as follows: annual premium income (ten thousand yuan) 2005 36047 2006152889 2007 318240 2008 262796 2009 20220 20184778. 8+011408542012195325 For a long time, Allianz has maintained close cooperation with China's financial and insurance fields with its strong financial and technical strength, which has effectively guaranteed Daya Bay Nuclear Power Station, Ertan Hydropower Station, Xiaolangdi Water Control Project and Shanghai Volkswagen Factory. At the same time, Allianz Group also actively develops important customers in other fields in China, including Lenovo, Haier, Konka, Midea and other well-known domestic enterprises. In addition, many German companies investing in China also buy insurance products of Allianz Group for their employees. China enterprises that have invested and developed overseas have also brought Allianz products into their sight. For example, in 2009, Sinosteel Indonesia Mining purchased five types of safeguard products such as accident and health for employees of Allianz Indonesia Branch.
Today, Allianz Insurance Group has all core businesses in China, including life insurance, non-life insurance, credit insurance and fund management. It is the only European insurance company that has obtained business licenses for life insurance and non-life insurance in China. Allianz's companies in China are: Sino-German Allianz Life Insurance Co., Ltd. (operational life insurance), Allianz Property Insurance (China) Co., Ltd. (operational property insurance) and Anyi Credit Insurance Co., Ltd.